Crestmont Private Wealth LLC Boosts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Crestmont Private Wealth LLC lifted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 1,136.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,314 shares of the semiconductor company’s stock after purchasing an additional 3,046 shares during the period. Crestmont Private Wealth LLC’s holdings in Lam Research were worth $239,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Oak Thistle LLC purchased a new stake in Lam Research in the fourth quarter worth about $528,000. SeaCrest Wealth Management LLC increased its position in shares of Lam Research by 906.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 35,644 shares of the semiconductor company’s stock valued at $2,575,000 after acquiring an additional 32,103 shares in the last quarter. Fiduciary Financial Group LLC purchased a new stake in Lam Research during the 4th quarter valued at $312,000. Pacifica Partners Inc. increased its position in shares of Lam Research by 1,121.2% during the 4th quarter. Pacifica Partners Inc. now owns 54,015 shares of the semiconductor company’s stock valued at $3,912,000 after purchasing an additional 49,592 shares during the last quarter. Finally, Ignite Planners LLC boosted its holdings in shares of Lam Research by 829.9% in the fourth quarter. Ignite Planners LLC now owns 3,915 shares of the semiconductor company’s stock worth $294,000 after buying an additional 3,494 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Up 0.8 %

Shares of LRCX opened at $75.06 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock has a 50-day moving average price of $74.70 and a 200 day moving average price of $81.22. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a market capitalization of $96.58 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the firm earned $6.85 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. Sell-side analysts forecast that Lam Research Co. will post 3.5 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.77%.

Wall Street Analyst Weigh In

A number of research firms have commented on LRCX. Wells Fargo & Company decreased their target price on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Sanford C. Bernstein dropped their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lowered their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $96.59.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.